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Sanjay Mehta has been a ‘full-time investor’ since the past four years before quitting his last entrepreneurial venture. He loves entrepreneurship for its process, “I really enjoy ‘proxy entrepreneurship’, which means that I can enable many people to start their ventures and help them create a stable business,’’ he says. 
 
<a href="http://www.businessinsider.in/exclusive-ace-angel-investor-sanjay-mehtas-true-life-experiences-that-makes-his-investments-in-startups-fool-proof/articleshow/58061818.cms">ALSO READ: Exclusive: Ace Angel Investor Sanjay Mehta’s true-life experiences that make his investments in startups fool-proof</a> 
 
Mehta is excited about the business building process and thinks that the best part about starting a business is seeing it grow from seed stage to $2-5 million businesses where you enjoy the journey of creating something that has its own identity. He also believes that this is the hardest part, “Their sheer enthusiasm rubs off on me and I learn a lot by listening to their ideas. I get personal gratification by seeing them give in to their belief and giving up the best years of their lives,” he says, at peace. 
 
With 66 start-up portfolio companies namely Zippr, Box8, WowMomos, AdstringO, UnBxd, Consure Medical Device, Oyo Rooms, PrettySecrets.com, Letsventure.com, MechMocha, Faballey.com, PayTunes, LogiNext, RepUp, Adsparx, Ecosense, PeeBuddy and more; Mehta is a regular target for aspiring founders and more so after his successful exit from Oyo Rooms whose founder Ritesh Aggarwal, became famous for being a 21-year old founder. 
 
From an exit perspective, Oyo was the biggest exit for any Indian angel investor at 280 x of the investment made which was last year. He is very practical with his investments and thinks that a 100 x exit from a start-up is successful but that’s not why he does it; he sounds like a proud parent when he talks about his investments. 
 
<a href="http://www.businessinsider.in/exclusive-voonik-is-redefining-fashion-e-commerce-for-indian-masses/articleshow/58044307.cms">ALSO READ: Exclusive: Voonik is Redefining Fashion E-commerce for Indian Masses</a> 
 He is very practical in his outlook for the start-up ecosystem, “In terms of <keyword id="3003094" type="UNKNOWN" weightage="20" keywordseo="Startup-India">Startup India</keyword>, I don’t think the government has done enough especially to ease the pains of doing business. I’m appreciative of this government because not only have they started a dialogue in the country, they have also started adopting new technologies made in India, at a state and national level which is a supportive move, ”he beams. 
 
Mehta as an investor is bullish about Crypto currency, Universal utilities, FMCG brands that sell online, Medical devices, Pharma, Ed-tech, Media, and entertainment, as sectors and believes that India is on the cusp of innovative products and this is just the beginning. 
Sanjay has a good eye for innovation and thinks product start-ups like Freshdesk and Druva have already started the start-up revolution that is driven by innovative products that will propel India to be world’s start-up destination. 
 
<a href="http://www.businessinsider.in/the-stayzilla-fiasco-is-an-ugly-heads-up-of-the-future-of-the-indian-startup-ecosystem/articleshow/57689230.cms">ALSO READ: The Stayzilla fiasco is an ugly heads-up of the future of the Indian startup ecosystem</a> 
 
 You can reach Sanjay Mehta on Twitter- @mehtasanjay or on LinkedIn, where he writes regular opinion articles on the start-up ecosystem.

Exclusive: An Angel investor whose Midas touch with Crypto-currency is redefining the future of start-up investments

<keyword id="212412" type="COMPANY" weightage="20" keywordseo="Tencent">Tencent</keyword>, <keyword id="6357395" type="CITY" weightage="20" keywordseo="eBay">eBay</keyword>, and <keyword id="10387" type="CITY" weightage="100" keywordseo="Microsoft">Microsoft</keyword> have made investments aggregating to $1.4 billion in <keyword id="6354742" type="COMPANY" weightage="100" keywordseo="Flipkart">Flipkart</keyword>, India’s leading online marketplace. The latest funding round from the three global technology giants, at a post-transaction valuation of $11.6 billion, adds to an existing group of marquee investors that include Tiger Global Management, Naspers Group, Accel Partners and DST Global. 
 
Flipkart announced the feat in a blog post. 
 
<blockquote class="twitter-tweet" data-lang="en">
	
		Proud to announce the largest investment in <a href="https://twitter.com/Flipkart">@Flipkart</a> history ! <a href="https://t.co/ktwy39H3WW">https://t.co/ktwy39H3WW</a> <a href="https://twitter.com/TencentCorp">@TencentCorp</a> <a href="https://twitter.com/eBay">@eBay</a> <a href="https://twitter.com/Microsoft">@Microsoft</a> <a href="https://twitter.com/hashtag/FlipkartBigWin?src=hash">#FlipkartBigWin</a>
	— binnybansal (@binnybansal) <a href="https://twitter.com/binnybansal/status/851364335268057088">April 10, </a></blockquote>
<blockquote class="twitter-tweet" data-lang="en">
	&#xa0;</blockquote>
Tencent, a leading provider of internet value-added services in China, joins as a strategic investor, bringing experience in linking social networking and e-commerce. Tencent will lend significant expertise to Flipkart as it furthers its leadership position across the e-commerce market in India. 
 
<a href="http://www.businessinsider.in/exclusive-an-angel-investor-whose-midas-touch-with-crypto-currency-is-redefining-the-future-of-start-up-investments/articleshow/58062121.cms">ALSO READ: Exclusive: An Angel investor whose Midas touch with Crypto-currency is redefining the future of start-up investments</a> 
 
“This strategic partnership enables Tencent to participate in the exciting opportunities in e-commerce and payments in India. We look forward to helping Flipkart to deliver compelling experiences to users throughout India, and to contribute to the development of the internet ecosystem there,” said Martin Lau, Tencent President. 
 
<keyword id="161767" type="COMPANY" weightage="20" keywordseo="eBay-India">eBay India</keyword> is now part of the <keyword id="3515858" type="UNKNOWN" weightage="20" keywordseo="flipkart-group">Flipkart Group</keyword> 
 
The investment by eBay is accompanied by a strategic commercial agreement with Flipkart. In exchange for an equity stake in Flipkart, eBay is making a cash investment in and selling it's eBay.in business to Flipkart. eBay.in will continue to operate as an independent entity as a part of Flipkart. 
 
<a href="http://www.businessinsider.in/exclusive-ace-angel-investor-sanjay-mehtas-true-life-experiences-that-makes-his-investments-in-startups-fool-proof/articleshow/58061818.cms">ALSO READ: Exclusive: Ace Angel Investor Sanjay Mehta’s true-life experiences that make his investments in startups fool-proof</a> 
 
<keyword id="2969294" type="UNKNOWN" weightage="20" keywordseo="Flipkart-eBay">Flipkart eBay</keyword> “The combination of eBay’s position as a leading global e-commerce company and Flipkart’s market stature will allow us to accelerate and maximize the opportunity for both companies in India,” said <keyword id="375695" type="PERSON" weightage="20" keywordseo="Devin-Wenig">Devin Wenig</keyword>, President, and CEO of eBay Inc. 
 
Flipkart and eBay have also signed an exclusive cross-border trade agreement, as a result of which customers of Flipkart will gain access to the wide array of global inventory on eBay, while eBay’s customers will have access to unique Indian inventory provided by Flipkart sellers. Thus, sellers on Flipkart will now have an opportunity to expand their sales globally. 
 On its ten-year odyssey, the Flipkart Group has grown to encompass <keyword id="319719" type="COMPANY" weightage="20" keywordseo="Myntra">Myntra</keyword> and Jabong, India’s leading online fashion destinations, and PhonePe — the leading UPI-based app that provides a cashless and seamless payment experience. Flipkart’s success has also emboldened a generation of Indian startups and entrepreneurial ventures, fanning the zeal of entrepreneurs and attracting big investments in the sector.

Flipkart announces raising $1.4 billion from Tencent, eBay & Microsoft, and acquires eBay India

You can only imagine how a work day for <keyword id="45395" type="CITY" weightage="20" keywordseo="Google-India">Google India</keyword> head looks like but we can tell you that, he’s now making the most of his commute thanks to better connectivity, more than ever. 
 <keyword id="824043" type="COMPANY" weightage="20" keywordseo="Business-Insider">Business Insider</keyword> caught up with <keyword id="249393" type="PERSON" weightage="100" keywordseo="Rajan-Anandan">Rajan Anandan</keyword>, VP, <keyword id="4405979" type="UNKNOWN" weightage="20" keywordseo="google-se-asia-india">Google SE Asia &amp; India</keyword> to understand how the internet landscape has changed in the past few months. 
 “India is the biggest market for us and it has a very diverse user base. We are always going to have a clear distinction between India and the US for the next several years,” says <keyword id="198577" type="PERSON" weightage="20" keywordseo="Anandan">Anandan</keyword> on where India stands for <keyword id="6355629" type="CITY" weightage="100" keywordseo="Google">Google</keyword>. 
 
India currently has around 400 million internet users, 300 million of them are coming online through their smartphone which makes it the second largest internet market in the world after China. 
 
<a href="http://www.businessinsider.in/flipkart-raises-its-biggest-round-at-a-lesser-valuation-and-acquires-ebay-but-is-it-enough-to-steer-off-amazon/articleshow/58128005.cms">ALSO READ: Flipkart raises its biggest round at a lesser valuation and acquires eBay but is it enough to steer off Amazon?</a> 
 In the past few months, a lot of things have changed in the internet landscape with low-cost carrier <keyword id="2003276" type="UNKNOWN" weightage="100" keywordseo="Jio">Jio</keyword> coming in. The Google chief thinks that this has changed things tremendously for the entire telecom sector, “There is now an enormous user base that’s spending its time online, with network providers also upgrading their services and not just giving more for less. Our mission in India is to make information accessible to everyone and that means reaching out to the massive 1.3 Billion population in the country. The Internet for everyone is the goal,” said Anandan. 
 
The first challenge for Google is Access and they’ve tackled that with providing high-speed public Wi-Fi at railway stations and after covering 110 stations, we now have 5 million Indians accessing it every day. With 500, 000 Indians accessing the internet with Google India for the first time, the company plans to extend it to 400 stations by the year 2018. 
 
<a href="http://www.businessinsider.in/exclusive-ace-angel-investor-sanjay-mehtas-true-life-experiences-that-makes-his-investments-in-startups-fool-proof/articleshow/58061818.cms">ALSO READ: Exclusive: Ace Angel Investor Sanjay Mehta’s true-life experiences that make his investments in startups fool-proof</a> 
 With revolutionary projects like Smart Cities, Google is partnering with the government at <keyword id="3025354" type="UNKNOWN" weightage="20" keywordseo="Pune-Smart-City">Pune Smart City</keyword> to provide high-speed Wi-Fi. 
The other concerns are connectivity and affordability and while currently, there at 125 million 4G subscribers and 150 million 3G subscribers, there are still issues like patchy connectivity. 
 Google is trying to get a lot of its services like <keyword id="10879" type="CITY" weightage="20" keywordseo="YouTube">YouTube</keyword>, Maps and even Chrome offline to make the internet more accessible to most Indians. There’s Search Lite which detects how slow is your network and works accordingly. 
 
<a href="http://www.businessinsider.in/read-what-rohit-bansal-and-kunal-bahl-mailed-snapdeal-employees-amidst-flipkart-acquisition-speculations/articleshow/58108189.cms">ALSO READ: Read what Rohit Bansal and Kunal Bahl mailed Snapdeal employees amidst Flipkart acquisition speculations</a> 
​ “Google is building new products like recently released YouTube Go which are specifically designed for Indians. With only 15 million women villagers online, we are working to bridge the gap with Google Sathi where women teach other how to use the internet for the betterment of their lives,” <keyword id="6355561" type="PERSON" weightage="20" keywordseo="Rajan">Rajan</keyword> says proudly proclaiming that there are 80,000 Google Saathis across 60,000 villages that they’re working in. 
 The next milestone for this technology behemoth is reaching half of India's villages with <keyword id="4408602" type="UNKNOWN" weightage="20" keywordseo="google-saathi">Google Saathi</keyword> and making the internet accessible to the people who need it the most, not just for information but for opportunities to a better connected life.

Exclusive: Here’s what Google VP Rajan Anandan said about Jio’s Impact on the Telecom Sector

The conservation and promotion of India’s art and cultural heritage aren't a national matter nor is it a big concern of the government. <keyword id="719465" type="PERSON" weightage="20" keywordseo="Ayaan-Ali-Bangash">Ayaan Ali Bangash</keyword>, a known Sarod player thinks that Indian government is not needed for increasing popularity of Indian arts and culture,”It is very important to be connected to our roots but if you’re not able to capture the audience with your music, then you can’t blame any third party for not promoting your art.” 
 Very few corporate companies notably want to promote art and culture and <keyword id="28126" type="CITY" weightage="20" keywordseo="HCL">HCL</keyword>, foraying from it’s IT space, has been organizing HCL Concerts for over 18 years, dedicated to identifying, evolving and promoting talent rooted in the glorious heritage of Indian classical performing arts. 
 
<a href="http://www.businessinsider.in/exclusive-ace-angel-investor-sanjay-mehtas-true-life-experiences-that-makes-his-investments-in-startups-fool-proof/articleshow/58061818.cms">ALSO READ: Exclusive: Ace Angel Investor Sanjay Mehta’s true-life experiences that make his investments in startups fool-proof</a> 
 
Concerts under the umbrella of HCL Concerts are organized regularly in Delhi NCR, Chennai and Lucknow across various venues throughout the year. These concerts are free to attend and are often enriched by the presence of luminaries in the field of Indian classical performing arts. 
 “You don’t know the kind of audience that your art will attract; Indian classical music is a sort of genre that sees a different kind of people and art has no space for clichés,” said <keyword id="6517626" type="PERSON" weightage="20" keywordseo="Shubha-Mudgal">Shubha Mudgal</keyword>, who believes that HCL concerts have been marketed well to attract all kinds of people from all walks of life. 
 
<a href="http://www.businessinsider.in/exclusive-an-angel-investor-whose-midas-touch-with-crypto-currency-is-redefining-the-future-of-start-up-investments/articleshow/58062121.cms">ALSO READ: Exclusive: An Angel investor whose Midas touch with Crypto-currency is redefining the future of start-up investments</a> 
 Over the years, HCL Concerts has evolved into a unique platform for the exceptionally talented veterans as well as upcoming artists – be it dancers, vocalists or instrumentalists. Over 400+ artists have graced this platform and have contributed towards reinvigorating the Indian classical performing arts. While there have been spellbinding performances by legends such as Pandit Shivkumar Sharma, Pandit Hariprasad Chaurasia, and Pandit Vishwamohan Bhatt, HCL Concerts has also provided a platform for the rare genres of performing arts like Dhrupad, Rudra Veena, and <keyword id="4401683" type="UNKNOWN" weightage="20" keywordseo="gaudiya-nritya">Gaudiya Nritya</keyword> to name a few. 
 
The recently concluded HCL concerts was a special one with it spanning over 3 days in Delhi NCR across Delhi, Gurgaon, and Noida. 
 
<a href="http://www.businessinsider.in/read-what-rohit-bansal-and-kunal-bahl-mailed-snapdeal-employees-amidst-flipkart-acquisition-speculations/articleshow/58108189.cms">ALSO READ: Read what Rohit Bansal and Kunal Bahl mailed Snapdeal employees amidst Flipkart acquisition speculations</a> 

	 Artists like <keyword id="1277440" type="PERSON" weightage="20" keywordseo="Amaan-Ali-Bangash">Amaan Ali Bangash</keyword>, Ayaan Ali Bangash, Kaushiki Chakraborty, Niladri Kumar, Purbayan Chatterjee, Rakesh Chaurasia, Shubha Mudgal and many more notable one were a part of this concert series and they had very interesting insights about what works and doesn’t in the current scenario when it comes to Indian traditional music. 
	 
	Amaan Ali Bangash, who is a popular Sarod player said that the perception that Indian classical music isn’t cool,” Very few classical musicians appeal to the audience whether it is Indian or otherwise. You might like Jazz as a genre even if you like one artist. The key is to find the artist or instrument that inspires you in Indian classical music. I don’t agree that Indian classical music is dying.”

Indian Classical Music needs a platform to shine and the government isn’t it

Amidst speculations of acquisition by <keyword id="6354742" type="COMPANY" weightage="100" keywordseo="Flipkart">Flipkart</keyword> gaining traction, <keyword id="541988" type="COMPANY" weightage="20" keywordseo="SnapDeal">Snapdeal</keyword> co-founders have emailed their employees to not fret about their jobs and upcoming appraisals. 
 
<a href="http://www.businessinsider.in/exclusive-an-angel-investor-whose-midas-touch-with-crypto-currency-is-redefining-the-future-of-start-up-investments/articleshow/58062121.cms">ALSO READ: Exclusive: An Angel investor whose Midas touch with Crypto-currency is redefining the future of start-up investments</a> 
 <keyword id="219793" type="PERSON" weightage="100" keywordseo="Kunal-Bahl">Kunal Bahl</keyword>, CEO &amp; Co-founder, Snapdeal emailed his employees on Sunday relaying that they acknowledge the speculations that are taking place but nothing will threaten the employees’ upcoming appraisal and that the appraisals will be better than the year before. 
 
<a href="http://www.businessinsider.in/exclusive-ace-angel-investor-sanjay-mehtas-true-life-experiences-that-makes-his-investments-in-startups-fool-proof/articleshow/58061818.cms">ALSO READ: Exclusive: Ace Angel Investor Sanjay Mehta’s true-life experiences that make his investments in startups fool-proof</a> 
 
Read the entire mail below. 
 
- 
 
Dear Team, 
 
There has been a lot of media reporting and speculation around Snapdeal recently. 
 While our investors are driving the discussions around the way forward, I am reaching out to let you know that the well-being of the entire team is mine and <keyword id="714" type="PERSON" weightage="20" keywordseo="Rohit">Rohit</keyword>'s top and only priority. We will do all that we can, and more, in working with our investors to ensure that there is no disruption in employment and that there are positive professional as well as financial outcomes for the team as the way forward becomes clear. Let me repeat, your well-being is our #1 priority. 
 
In the interim, the annual performance review process is nearly complete and you will the receive the salary revision and promotion letters (where applicable) over the next two weeks. Given the incredible progress we have made around our profitability journey as a company, the overall increments this year are higher than those offered last year. 
 
Please do feel free to reach out with your suggestions and concerns. Stay awesome! 
 
Thanks! 
 
Kunal &amp; Rohit

Read what Rohit Bansal and Kunal Bahl mailed Snapdeal
employees amidst Flipkart acquisition speculations

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Sanjay Mehta is popularly known as an angel investor and acts as a mentor to many entrepreneurs, but little is known about how Mehta became the go-to angel investors for many. 
 
He was born in a middle-class Gujarati joint family in Mumbai, and calls himself a ‘first-generation entrepreneur’. He was the first person in his family to take the leap into starting his own business but credits his family for teaching him the art of nurturing relationships with diverse people. 
 
He studied engineering from Mumbai University in 1993 and he was adamant about being an industrialist. 
His first company was Bespoke Software Consultancy, while he was interested in IT, he didn’t want to sell computers, he wanted to sell the software inside them. 
 
The entrepreneur that failed and started again 
 
His first venture was successful, but Sanjay felt the need to get out of the country like his peers albeit it was a short trip. 
 
He went at a time when the dot-com bust was about to happen and his exposure to trending e-commerce at the time propelled him to start a B2B commodity trade portal which failed and he returned in 1999. “I lost everything as investors backed out on the term sheet. I had to start from scratch. I realized that this was going to be a rollercoaster ride,” recalls Sanjay. 
 
<a href="http://www.businessinsider.in/exclusive-voonik-is-redefining-fashion-e-commerce-for-indian-masses/articleshow/58044307.cms">ALSO READ: Exclusive: Voonik is Redefining Fashion E-commerce for Indian Masses</a> 
 Mehta came back to India in 1999 and went back to the grind and started another ahead-of-its-time company which too shut down. Undeterred he started again with <keyword id="4390649" type="UNKNOWN" weightage="20" keywordseo="udyog-software-india-ltd">Udyog Software India Ltd</keyword> which was a taxation product company in the year 2000. This third-time-lucky charm turned around things as Sanjay sold the venture to an Indian owned US company in 2004. 
 Mehta started his last company <keyword id="4390651" type="UNKNOWN" weightage="20" keywordseo="maia-intelligence">MAIA Intelligence</keyword> in 2007 which dealt with business intelligence software and analytics which he sold to Datamatics in 2015. While he was reaping the benefits of the two exits, he invested in real estate which was just in time for the boom. 
 
<a href="http://www.businessinsider.in/the-stayzilla-fiasco-is-an-ugly-heads-up-of-the-future-of-the-indian-startup-ecosystem/articleshow/57689230.cms">ALSO READ: The Stayzilla fiasco is an ugly heads-up of the future of the Indian startup ecosystem</a> 
 Equipped with new found wealth, he decided to look for other areas of investment and entered venture funding with Aditya Birla <keyword id="34499" type="POSITION" weightage="20" keywordseo="private-equity">Private Equity</keyword> Fund as an LP. He joined Indian Angel Network which was the first angel network and then decided to be an ‘angel’ full time. 
Since the past four years, as a full-time investor, Mehta always wanted to either be an entrepreneur or support one and it all started with him watching his father’s hard work. “My father has always been in the corporate sector and he toiled really hard all his life but he never owned anything. If I’m building something, I thought that I should be the one owning it. That’s why I never applied for a job.” 
 
<a href="http://www.businessinsider.in/i-stayed-at-tajs-first-property-in-amritsar-and-heres-what-i-experienced/articleshow/58028999.cms">ALSO READ: I Stayed at Taj's First Property in Amritsar and Here’s What I Experienced</a> 
 
He shares one instance wherein 1993, as a young lad, he wanted a PC to start his own business that cost up to a Lakh rupees and went to my grandfather to ask for a loan. He suggested visiting a bank, and all the financial institutions shooed him away after which his relatives helped in undersigning for the loan. 
 
The Mumbai-based investor was made to feel the importance of money from the beginning as he paid his own loan installments and it taught him a lot about financial discipline. That’s why Sanjay credits his business learning to his family and his father notably who worked with Fevicol and struck up a business building chord that stuck with him with only one hard and fast rule- ‘Do not innovate in Legal and Finance’.

Exclusive: Ace Angel Investor Sanjay Mehta’s true-life experiences that make his investments in startups fool-proof

The CEO of <keyword id="1112419" type="UNKNOWN" weightage="20" keywordseo="Stayzilla">Stayzilla</keyword>, an online home-stay aggregator, was locked up in a Chennai jail on March 14 by the Chennai police on charges of ‘fraud’. 
 
This comes after the dismal news of the company shutting shop, recently to “reboot its operations” after the founders decided that their business model wasn’t working, despite 12 years of operations. 
 According to reports, C.S Aditya of Jig Saw Solution and Advertising, who filed a criminal case against Mr. <keyword id="4296642" type="UNKNOWN" weightage="20" keywordseo="vasupal">Vasupal</keyword>, which lead to the arrest, says there have been massive bills amounting to more than 1 crore pending, generated over a period of about 12-13 months. 
 
<a href="http://www.businessinsider.in/indian-travelers-think-that-rear-seat-kickers-are-the-most-annoying-co-passengers/articleshow/57686140.cms">ALSO READ: Indian travelers think that rear-seat kickers are the most annoying co-passengers</a> 
 <keyword id="160350" type="PERSON" weightage="20" keywordseo="Sanjay-Mehta">Sanjay Mehta</keyword>, a prolific angel investor spoke to <keyword id="824043" type="COMPANY" weightage="20" keywordseo="Business-Insider">Business Insider</keyword> regarding how Stayzilla could’ve avoided this unfavorable situation,”When start-ups get funded heavily, they make the mistake of focusing on growth instead of basic business mathematics. This is clear case of mismanagement on the founders end where they could’ve easily predicted the bad situation.” 
 
He further adds, “When a startup is shutting down or revamping, it’s the founder’s responsibility to inform and settle all the stakeholders; the employees, the investors and the clients. Their announcements led to the media agency to react in a negative manner as they were afraid that they’ll never get back their dues.’’ 
 The real big flaw is IN the government’s <keyword id="3003094" type="UNKNOWN" weightage="20" keywordseo="Startup-India">Startup India</keyword> plan which still hasn’t accounted for the high failure rate of <keyword id="6362513" type="ORGANIZATION" weightage="20" keywordseo="Startups">startups</keyword>. 
 
<a href="http://www.businessinsider.in/these-new-linkedin-features-will-increase-your-chances-of-landing-a-new-job/articleshow/57652542.cms">ALSO READ: These new LinkedIn features will increase your chances of landing a new job</a> 
 
We are standing at the cusp of a huge social problem, where we want immense growth from companies but when many of the companies fail in this blind pursuit of growth, not matching the infrastructure, judiciary or the police are left to cope with it. 
 <keyword id="6530028" type="PERSON" weightage="20" keywordseo="Kris-Gopalakrishnan">Kris Gopalakrishnan</keyword>, Chairman, <keyword id="4303276" type="UNKNOWN" weightage="20" keywordseo="cii-start-up-council">CII Start-up Council</keyword> issued an official statement today, saying “The legal developments around <keyword id="6528392" type="UNKNOWN" weightage="20" keywordseo="Yogendra-Vasupal">Yogendra Vasupal</keyword>, founder of Stayzilla is disturbing. The nature of the accusation invoked against Stayzilla, i.e. non-payment of dues essentially falls in the domain of civil disputes and not under criminal charges, unless it is done with an intent of cheating. Start-ups are prone to all kind of financial vulnerabilities/stress as like any other business, and such examples of criminal proceedings against start-ups create fear in the minds of aspiring entrepreneurs in the country. Start-ups which fail should ideally be treated by a separate “exit/bankruptcy law” or “civil laws”, and not “criminal laws”, which is also in line with the goal of Start-up India.” 
 
When the laws aren’t clear around disruptive companies, they will always be subdued and held accountable to ‘criminal’ acts they didn’t commit. 
 
Yogendra Vasupal’s <a href="https://medium.com/@4091/help-i-need-everybody-52d0adcb1f09#.cgbbfp9ph">Medium post</a> concludes with, “I have always quietly felt that all knowledge/IT/BPO workers in Bangalore are only looked at as a source of revenue which can be gotten by shaking them down. This is across all Govt Depts. This is while we pay and bring in the bulk of the taxes to the city. We have no one to blame except our own apathy.” 
 
<a href="http://www.businessinsider.in/this-is-what-the-worlds-largest-cruise-ship-symphony-of-the-seas-will-look-like/articleshow/57630723.cms?format=slideshow">ALSO READ: This is what the world's largest cruise ship Symphony of the Seas, will look like</a> 
 
The future of the Indian startup ecosystem looks bleak with investors being more cautious before investing, good talent avoiding new businesses and vendors being afraid of non-payment of dues, after such cases. 
 
For the Indian entrepreneur who fails, the odds are stacked high against him with authorities untrusting of the new businesses and their shiny advertising boards that are put down, as brutally as his position in the society.

The Stayzilla fiasco
is an ugly heads-up of the future of the Indian startup ecosystem

With the return of the 11th edition of IIT <keyword id="107737" type="ORGANIZATION" weightage="20" keywordseo="Entrepreneurship">Entrepreneurship</keyword> Summit at <keyword id="61708" type="COMPANY" weightage="20" keywordseo="IIT-Bombay">IIT Bombay</keyword>, 10 shortlisted startups will be seen battling it out for Rs 15 lakh on-spot funding and mentorship during what is called the ‘The Ten Minute Million’. 
 
IIT Bombay is conducting ‘The Ten Minute Million’ event on 28 – 29 January where chosen startups will pitch for 10 minutes in front of the investor panel and the winner will leave with Rs 15 lakh and mentorship from esteemed investors. 
 
One of the successful startups, Strike had won the amount and then scaled up more than 10 times within a year, according to E-Summit. 
 
The past Investor panel consisted of angel investors like Ajeet Khurana, Anupam Mittal, Samir Shah, Sanjay Mehta and Aniruddh Malpani. The theme for IIT Bombay's E-Summit this year is ‘A Tryst with Tomorrow’. Speakers and participants from numerous countries and genres will be attending the event. 
 "Our idea was that, you take 10 months, we believe it can be done in 10 minutes. I would have been happy even if I had got a fraction of the response. Right from the entrepreneurs, to the investors to the audience, this is an absolutely outstanding response", said <keyword id="4035822" type="UNKNOWN" weightage="20" keywordseo="ajit-khurana">Ajit Khurana</keyword>, one of the investor panelists.

10 Startups will battle it out at IIT-Bombay's '‘The Ten Minute Million' Challenge to walk away with Rs 15 lakh on-the-spot funding and Mentorship

The 11th edition of E-Summit - a two-day national event held at IIT-Bombay, came to a close with a bang. 
 
Apart from a stellar line-up of speakers, there were many more exciting events happening at the summit, that not only reinforced the spirit and zeal of entrepreneurship but also provided an enriching experience to the attendees. 
 
Events like eureka- a business model competition, the 10 minute million competition, startup expo — a platform for innovative start-ups, internship and job fair, business conclave and innovation conclave were a part of the summit. 
 
Eight teams of young entrepreneurs presented their business strategies in 10 minutes each at the IIT-Bombay e-summit. In the end, four among them split the prized investment money. 
 This year’s panel of angel investors included heavyweights such as <keyword id="2715428" type="UNKNOWN" weightage="20" keywordseo="Ajeet-Khurana">Ajeet Khurana</keyword> – CEO, SINE IIT Bombay; Kunal Shah, founder and CEO, Freecharge; Anupam Mittal – founder and CEO, People group; Sanjay Mehta – director, Core media group; V C Karthic- founder of Buzzworks Business Services; Taha Nabee — Vice President, Sales and Distribution, Aromatan Cosmetics; Suketu Shah – JMD Mukand Ltd, Samir Shah – founder director, Sattva Asia opportunities funding; Bharat Banka of Sterlite technologies Ltd; Devesh Chawla founder and CEO of Chatur ideas; Srinivasan Swamy, CFO, Bridge; Anand Ladsariya – founder, Everest Flavour; Suneel Bandhu – COO, Tata Teleservices; Vikram Chachra – founding partner of Eight Innovate; <keyword id="875259" type="COMPANY" weightage="20" keywordseo="Manish-Gandhi">Manish Gandhi</keyword> of Asian Business exhibitions and conferences ltd and Miten Mehta of social impact ventures. 
 
One of the speakers was Niti Aayog CEO Amitabh Kant spoke about the challenges and the opportunities that the country provides startups. The previous editions of E Summit have been graced by Uber CEO <keyword id="1739133" type="UNKNOWN" weightage="20" keywordseo="Travis-Kalanick">Travis Kalanick</keyword>, UIDAI chief <keyword id="44604" type="PERSON" weightage="20" keywordseo="Nandan-Nilekani">Nandan Nilekani</keyword>, Mr. Adi <keyword id="6369697" type="COMPANY" weightage="20" keywordseo="Godrej">Godrej</keyword>, patriarch of the Godrej clan and Yes Bank MD Rana Kapoor among the few renowned names. 
 
Highlights of the event: 
 
1. Eureka! 
Asia's largest Business Model Competition was held on the first day of E-Summit '17. Eureka! is a year long competition with entries pouring in the entire year. This year, E-Summit had received 10000+ entries competing for prizes worth Rs 5 million. 
 
2. <a href="http://www.businessinsider.in/10-startups-to-battle-it-out-for-rs-15-lakh-on-the-spot-funding-and-mentorship-as-iit-bombays-e-summit-kickstarts/articleshow/56376153.cms">The 10 Minute Million</a> 
Startups were exposed to panel of investors ready to shell out Rs 1.5 Million in just 10 Minutes! 
 
3. iHack 2017 
India's best coders, developers, designers, innovators, creators and entrepreneurs were brought together. 
 
4. Start-up Expo 
Start-up Expo allowed innovative start-ups from all over the country to get in touch with thousands of potential customers and investors while attendees learnt the technique of what made a start-up so big. 
 
5. Lean Start-up Workshop 
Lean Start-up workshop was an intensive three-day workshop which taught entrepreneurs and innovators how to build disruptive products using Lean Start-up methodologies. 
 
6. Internship and Job Fair 
The Internship and Job Fair connected start-up enthusiast graduates/undergraduates to the start-ups so that they could get relevant experience in their desired field. 
 
7. Business Conclave 
This was an initiative targeted for professionals to give them updates about their specific industry by experts and also a platform to promote intra-networking.

Here's all that unfolded at IIT-Bombay's crazy e-summit

Companies and startups are ready to raid engineering and <a href="http://www.businessinsider.in/searchresult.cms?query=B-school+">B-school</a> campuses across India this placement season, adding to the fierce war for talent already raging between large e-Commerce companies and established old-world recruiters. 
 
The startups which are looking for fresh talents include ShopClues, LocalOye, Urban-Clap, PropTiger, Indus Insights, MyRefers, CodeNation, Embibe, Jombay, Lybrate and ShadowFax. 
 
Moreover, a survey of 11 startups suggests they will step up overall <a href="http://www.businessinsider.in/searchresult.cms?query=campus+hiring+">campus hiring</a> to 770 students from the Class of 2016 compared with only 250 that they hired from the last batch. 
 
Bulk of this hiring will be across top engineering colleges and B-schools, including Indian Institutes of Technology, National Institutes of Technology and Indian Institutes of Management. 
 
Don’t be disappointed if you are not studying in the above mentioned institutes as a handful will also recruit at leading undergraduate colleges including Shri Ram College of Commerce, Lady Shri Ram College and St Stephen's, and design schools such as National Institute of Design and National Institute of Fashion Technology. 
 
Now comes the most interesting part- salary! Average salaries offered by these startups range between Rs 12 lakh and Rs 18 lakh at engineering colleges and B-schools, say campus sources. Prop-Tiger, for instance, is paying upwards of Rs 15 lakh plus benefits at tech schools; CodeNation will pay around Rs 24 lakh. 
 
At least three of these startups — Lybrate, LocalOye and ShadowFax — are first-timers on campus while others, at the very least, are doubling last year's numbers. In some cases, hiring targets are going up five-fold or even 16-fold compared with last year. 
 
The strategies behind the hiring are discussed below: 
1. Depending on the kind of institutes, students are being hired for a variety of roles: from <a href="http://www.businessinsider.in/searchresult.cms?query=software+development+engineers">software development engineers</a>; core management &amp; data scientists; product, operations and marketing; merchant acquisition and servicing, to human resource management, product and graphic designers and even entrepreneurs in residence. Sanjay Mehta, a Mumbai-based angel investor who participated in and led 11 angel deals in 2015, says the reason why startups are so gung-ho about <keyword id="511161" type="UNKNOWN" weightage="80" keywordseo="campus-hiring">campus hiring</keyword> is because they want to put this talent to work on cutting-edge technology and new delivery models. Not surprisingly, several institutes where placements have started, including Birla Institute of Technology &amp; Science-Pilani and <keyword id="75110" type="ORGANIZATION" weightage="80" keywordseo="NITs">NITs</keyword>, are seeing these startups go head-to-head with <a href="http://www.businessinsider.in/searchresult.cms?query=traditional+recruiters+">traditional recruiters</a> to hire talent. At other B-schools and <keyword id="49737" type="COMPANY" weightage="100" keywordseo="IITs">IITs</keyword> where pre-placement offers (PPOs) have started flowing in, it is again the startups that are leading the pack. 
 
2. Much high in numbers: The numbers speak for themselves. If ShopClues is revising its hiring intake from around 100 last year to 180-250 this time, realty portal PropTiger is doubling its target to 50. Even five-month-old B2B (business-to-business) hyperlocal delivery startup ShadowFax, which raised $300,000 from <a href="http://www.businessinsider.in/searchresult.cms?query=Snapdeal">Snapdeal</a>'s founders and others in August followed by a $8.5-million Series A round by Fidelity's proprietary investment arm Eight Roads Ventures barely a month later, is looking to hire from IITs, <keyword id="46923" type="ORGANIZATION" weightage="100" keywordseo="IIMs">IIMs</keyword> and other leading management institutes for its technology, data science and operations teams. 
 
3. Tapping more institutes: In the process, these companies are reaching out to many more institutes this year. "If there is a campus that attracts bright minds of the country, we want to be there. This includes other engineering colleges as well as top colleges in economics and commerce," says Saurabh Sharma, founder &amp; chief executive officer of Indus Insights. The Big Data firm made 40 offers last year, mostly at the top IITs (Bombay, Delhi, Madras). This year, it plans to make 100-plus, including at NITs (Trichy, Warangal, etc), SRCC, LSR, Christ College and Indian School of Business. 
 Similarly, Delhi-based mobile services marketplace UrbanClap, which hired 30 business development and operations specialists from <keyword id="6360099" type="ORGANIZATION" weightage="80" keywordseo="Delhi-University">Delhi University</keyword> last year, is extending its reach to several new institutes, including <keyword id="6431668" type="ORGANIZATION" weightage="100" keywordseo="IIT-Delhi">IIT-Delhi</keyword> and IIM-Ahmedabad as it gears up to take on 80-100 this year. 
 
Salaries apart, the other drawing factors include the opportunity to work on challenging problems. "We don't have any glass ceilings. Freshers could be running entire teams within six months of joining," says Aditi Avasthi, founder and CEO, Embibe. "Students are opting for startups aggressively as some of the roles offered by them are quite challenging and inclined with their aspirations," sums up Rahul Katyal, placement manager at IIT-Bombay. 
 
(Image: Indiatimes)

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